BTC-e troubles on the horizon?

[goldpelican]

http://www.coindesk.com/btc-e-exchange-banking-issues/

Is Europe's Second Largest Bitcoin Exchange BTC-e Having Banking Issues?

Concerned voices are being raised about the second largest European exchange BTC-e which handles as much as 30,000 BTC in trade volume a day with users on reddit and Bitcoin Talk asserting that their SEPA and IBAN bank transfers have not been credited to their accounts for many weeks, and that BTC-e refuses to respond to their help request tickets.

CoinDesk contacted BTC-e for comment but was initially referred to their support facility helpfully located in Thailand, which when contacted, offered no response. Subsequent requests for comment have remained unanswered.

The exchange, which is the least transparent of the big four exchanges including BTC China, Mt. Gox and Bitstamp is often accused of being run by Russian mobsters, as Russian appears in the support tickets, and the exchange supports the Russian Rouble as well as the notorious hybrid coin 'Novacoin' that suffered a pre-mine scandal when it was first launched.

Potential warning signs not all is well at BTC-e. Sucks because they are a very convenient way to trade BTC to LTC.

 

[Earthjade]

I can tell you that last week I sent an international money transfer to BTC-E for $2000 USD on 28 November to my trading account.
$1915 was credited to my BTC-E account on 2 December.

No explanation on where that missing $35 went (BTC-E chargea a $20 fee to deposit $2000 and Aussie bank takes $30).
They use a Deutsche Bank account in the Czech Republic for incoming funds. So it may be that Deutsche takes a $35 cut at their end for a receiving fee. But no explanation is forthcoming. Seems likely, though.

After doing the calculations, the lousy customer exchanges rates, coupled with the processing fees of three parties (Aust Bank, BTC-E and German Bank), makes a direct wire transfer MARGINALLY (that is, about 0.2 BTC) better than buying BTCs direct from Coinjar at their inflated prices.
Of course, there is slightly less risk with Coinjar (who recently got a $400K investment to build their business model) despite the higher prices. Also, ironically, the BTC-E cash transfer has been faster than some Coinjar transactions I have made via direct deposit at a NAB branch.

In future though, I don't think I will do a direct transfer to BTC-E.
I'll just get some BTC from Coinjar (or similar Australian service) and jump into BTC-E with those.

 

[hiho]

no rules no regulators bound to cause troubles, theft of BTC is rife. I'd be seriously considering going to the sidelines for a period if you totally believe in BTC or cashing out if you dont.

 

[metalzzz]

It's a game of musical chairs. The music will stop and those still in will be the ones left holding the bag

 

[alor]

It's a game of musical chairs. The music will stop and those still in will be the ones left holding the air bag

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